Hawkins Roofing Limited 7631224 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is roofing Digita Accounts Production Advanced 6.30.9574.0 true true true 7631224 2022-10-01 2023-09-30 7631224 2023-09-30 7631224 bus:OrdinaryShareClass1 2023-09-30 7631224 core:CurrentFinancialInstruments 2023-09-30 7631224 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 7631224 bus:SmallEntities 2022-10-01 2023-09-30 7631224 bus:Audited 2022-10-01 2023-09-30 7631224 bus:FullAccounts 2022-10-01 2023-09-30 7631224 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 7631224 bus:RegisteredOffice 2022-10-01 2023-09-30 7631224 bus:Director1 2022-10-01 2023-09-30 7631224 bus:Director2 2022-10-01 2023-09-30 7631224 bus:Director3 2022-10-01 2023-09-30 7631224 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 7631224 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 7631224 1 2022-10-01 2023-09-30 7631224 countries:EnglandWales 2022-10-01 2023-09-30 7631224 2021-10-01 2022-09-30 7631224 2022-09-30 7631224 bus:OrdinaryShareClass1 2022-09-30 7631224 core:CurrentFinancialInstruments 2022-09-30 7631224 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 7631224

Hawkins Roofing Limited

Filleted Financial Statements

for the Year Ended 30 September 2023

 

Hawkins Roofing Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 8

 

Hawkins Roofing Limited

Company Information

Directors

Mr Michael David Hawkins

Mr Paul Beresford Jackson

Mr Paul Carter

Registered office

4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

Auditors

Just Audit & Assurance Ltd
Statutory Auditors
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Hawkins Roofing Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Hawkins Roofing Limited

(Registration number: 7631224)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

2,740

2,740

Debtors

5

2,144,765

2,829,244

Cash at bank and in hand

 

902,294

1,021,502

 

3,049,799

3,853,486

Creditors: Amounts falling due within one year

8

(1,215,511)

(2,176,317)

Net assets

 

1,834,288

1,677,169

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

1,834,286

1,677,167

Shareholders' funds

 

1,834,288

1,677,169

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr Michael David Hawkins
Director

 

Hawkins Roofing Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

1

General information

The address of its registered office is:
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA
United Kingdom

The principal place of business is:
Unit 9a
Thorpe Way
Banbury
Oxon
OX16 4SP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Hawkins Roofing Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 21 February 2024 was Jonathan Russell F.C.A, who signed for and on behalf of Just Audit & Assurance Ltd.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The company enters into construction contracts which may take some months to complete. Profits are recognised on these contracts in proportion to the state of completion of the contract. Where losses are anticipated these are accounted for as soon as they are expected.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hawkins Roofing Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2022 - 25).

4

Stocks

2023
£

2022
£

Other inventories

2,740

2,740

 

Hawkins Roofing Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

620,641

769,464

Amounts owed by related parties

1,495,000

1,870,000

Other debtors

 

29,124

189,780

   

2,144,765

2,829,244

 

Hawkins Roofing Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

ordinary shares of £1 each

2

2

2

2

         

7

Parent and ultimate parent undertaking

The company’s immediate parent is Hawkins Group of Companies Ltd. The registered office is 4 South Bar Street, Banbury, Oxfordshire, OX16 9AA.

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

606,585

658,316

Inter-group trade creditors

 

106,488

97,694

Taxation and social security

 

40,785

239,482

Other creditors

 

461,653

1,180,825

 

1,215,511

2,176,317